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Overview

China Eximbank provides $10.6 million loan for N'douo Social Housing Project (Linked to Record ID#68923, #30499)

Commitments (Constant USD, 2023)$11,522,970
Commitment Year•2012Country of Activity•CongoDirect Recipient Country of Incorporation•CongoSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2012
Start (actual)
Apr 1, 2012
Last repayment
Dec 28, 2024

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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This project involved the construction of housing units in N'douo (Ndouo), which is located in the 7th (Mfilou) district (arrondissement) of Brazzaville. More detailed locational information can be found at: https://www.openstreetmap.org/node/5892761485

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Republic of Congo

Implementing agencies

Private Sector

  • Egis International

State-owned companies

  • Beijing Construction Engineering Group Co., Ltd. (BCEG)

Loan desecription

China Eximbank provides $10.6 million loan for N'douo Social Housing Project

Interest type•UnknownMaturity•13 years

Narrative

Full Description

Project narrative

In 2012, China Eximbank and the Government of the Republic of Congo signed a $10,631,833.00 loan agreement for the N'douo Social Housing Project. The loan carried a 13-year maturity, but its interest rate and grace period are unknown. It was fully repaid by the borrower. Its (principal) amount outstanding was $0 as of December 31, 2019. The project involved the construction of housing units in N'douo (Ndouo), which is located in the 7th (Mfilou) district (arrondissement) of Brazzaville. It consisted of two blocks (A1 and A2) with a bakery, a supermarket, a dispensary, sports facilities, a primary school, a college, and accommodations for commissioned and non-commissioned officers. Beijing Construction Engineering Group Co.,Ltd. (BCEG) was the contractor responsible for project implementation. A French company called Egis International was the contractor responsible for project supervision. Construction began in April 2012 and the project had achieved a 94.95% completion rate as of December 2014. The N'douo Social Housing Project was part of a larger housing relocation initiative (worth CFA 78,597,487,428 or 121 million euros) that took place after a munition’s explosion in the Mpila neighborhood within the capital city of Brazzaville on March 4, 2012.

Staff comments

1. This project is also known as the Ndouo Social Housing Project. The French project title is Logements sociaux de N'douo or Logements sociaux de Ndouo or Le projet de délocalisation des casernes militaires or Le projet de délocalisation et construction des casernes militaires. 2. The China Eximbank loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included in the the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. AidData relies on the face value of the loan ($10,631,833.00) and the maturity (13 years) that is recorded by the Republic of Congo’s Public Debt Agency (Caisse Congolaise d’Amortissement or CCA) and Délégation Générale des Grands Travaux (DGGT). 3. Two additional China Eximbank loans supported this larger initiative (see Record ID#30499 and ID#68923), which was coordinated by Mr. Serge OBOA.